Retail

Traditionally, retailers relied on advertising and direct response to succeed. To make more money, retailers simply let more people know about their stores and products.

San Francisco -- Piracy and discoverability are the top issues facing app developers today, with 26% of app developers reporting their apps have been pirated. A survey of more than 250 app developers App Developers Conference (ADC) also shows that a similar 26% found that their apps had been hacked, or obtained without proper payment.

Burlington, Mass. — Kohl’s Department Store has signed a long-term renewal at The Crossings in Newington, N.H., according to KeyPoint Partners, the firm that manages and leases the center.

KeyPoint also recently signed Ulta Beauty and Trader Joe’s as new tenants.

Richmond, Va. — Divaris Real Estate has renewed two retail leases totaling more than 9,500 sq. ft. in Richmond, Va.

Aaron’s renewed its lease for 8,008 sq. ft. in Brookhill Azalea Shopping Center, which DRE leases and manages for the landlord, BSV Premier Brookhill.

In a separate transaction, Subway renewed its lease for 1,575 sq. ft. at 360 West Shopping Center, which DRE www.divaris.com leases and manages for the landlord, a partnership between HSW and RMW1.

Pooler, Ga. — With the addition of seven new leases, GBT Realty Corporation’s Village on Pooler Parkway is 95% leased months before its scheduled opening in the first quarter of next year. Anchored by T.J.Maxx, Ross Dress for Less, Michaels and PetSmart, the 143,000-sq.-ft. development has now added Kirkland’s, Hibbett Sports, Visionworks, Legacy Nails, Sprint, GNC and Kay Jewelers to the mix.

Philadelphia — Pennsylvania Real Estate Investment Trust has completed the sales of two power center properties. In two separate transactions, PREIT sold Christiana Center in Newark, Del., and Commons at Magnolia in Florence, S.C. for $87.3 million. The proceeds represent a blended cap rate of 6.8%. Gains on the sales totaled approximately $45.4 million.

In connection with these transactions, the buyer assumed the $49.2 million mortgage loan secured by Christiana Center.

Pittsburgh -- Dick’s Sporting Goods will open its newly renovated store in Cary, N.C., on Sept. 29, featuring 56,000 sq. ft. of specialized services and experiential elements such as a golf simulator, club fitting center, putting green, archery lane with an on-site bow technician, and bike safety inspections, custom fittings, tune-ups and assembly.

Dallas — A fund managed by Cypress Equities has acquired Promenade Tannehill in Bessemer, Ala., a suburb of Birmingham.

Tannehill is a 347,151-sq.-ft. regional power center that opened in 2008 and presently houses more than 30 retailers, including Target, Publix, J.C. Penney, Michaels, PetSmart, Premiere Cinemas, Charming Charlie, Anna’s Linens and Ross Dress For Less.